MicroStrategy Acquired 11k Bitcoins for About $1.1 Billion Ahead of Jan 21st Major Shareholder’s Vote

Company’s strategic stock-to-Bitcoin conversion demonstrates successful leverage of capital markets, with $17.7 billion in unrealized profits from BTC investments. Proposed stock expansion to 10.3 billion shares and positive BTC yield of 1.69% indicate strong momentum in MicroStrategy’s crypto-focused strategy. Institutional impact spreads as companies like KULR and Metaplanet follow suit, while Bitcoin supply on exchanges…

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Saudi Kingdom Holding Rejects Crypto Investment Plans, Cites Market Concerns

The company maintains $13.6B portfolio focused on traditional sectors, rejecting crypto despite rumors of Saudi royal family involvement. Kingdom Holding’s position contrasts with major firms like Tesla and Microsoft accepting crypto payments, highlighting an institutional divide. UAE and El Salvador’s tax incentives fail to sway Kingdom Holding’s stance amid regulatory uncertainty and volatility concerns. Kingdom…

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European Central Bank Chooses Gold Over Bitcoin for Strategic Reserves

Contrasting approaches emerge as US states push for Bitcoin reserves while ECB increases gold holdings to 35% of total foreign reserves. Bitcoin’s consolidation between $106k-$91.7k coincides with gold’s new ATH of $2,798, fueling store-of-value debate among institutions. The ECB maintains a conservative stance on crypto, despite El Salvador’s successful Bitcoin adoption model and growing international…

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XRP Rebounds 14% amid Whale Accumulation

Whales seized the recent dip by acquiring 120 million XRP tokens. XRP rebounded to $3.12, gaining 14% in the past 24 hours. Bullish technical indicators and regulatory milestones hint at further price momentum. After dipping to $2.75 during a broader crypto market slump, XRP broke its 11-day streak above $3 on Monday, triggering renewed buying…

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Spanish Authorities Partner Industry Firms to Freeze $26.4M in Crypto Crimes

Spanish law enforcement agencies have frozen $26.4 million in illicit crypto funds. The authorities partnered with Tron, Tether and TRM Labs to achieve this feat. There is a growing effort to combat crypto crime in the industry. Spanish law enforcement agencies have taken significant action against international financial crypto crime in partnership with blockchain giants…

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